Multiple Choice
A technological advance ________ aggregate supply, shifting the aggregate supply curve ________ and potentially bringing the ________ phase of the business cycle.
A) increases; rightward; expansion
B) increases; leftward; expansion
C) increases; rightward; recession
D) decreases; leftward recession
E) decreases; rightward; expansion
Correct Answer:

Verified
Correct Answer:
Verified
Q34: If the price of widgets is $2
Q35: Over the business cycle, factors such as
Q36: According to the AS-AD model,<br>A) the AS
Q37: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8401/.jpg" alt=" -The aggregate demand
Q38: A rise in the price level<br>A) decreases
Q40: If investment spending increases by $1 million,
Q41: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8401/.jpg" alt=" The table gives
Q42: Which of the following shifts the aggregate
Q43: The aggregate demand curve shifts when any
Q44: When cost-push inflation starts, real GDP _